I dashed to the Rockefeller Center yesterday evening to do a segment on CNBC Asia, not realizing CNBC's studio was located next to the dressing rooms for 'The Tonight Show'. Hence, not only did I get a wee bit lost, but I also managed to do some celeb-spotting in the process. As for the segment, we mostly discussed Qatar and its energy flows; hark, click on the below mugshot to launch to the...Continue Reading
As oil ventures into forty dollardom once more, today's blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a 'call on shale'. Hark, here are a number of things to consider in oil markets today:Continue Reading
No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably.Continue Reading
As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it hasn't worked so far.Continue Reading
Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC's second-largest producer has not been playing ball.
Exports out of the south of the country continue to hold up, above 3 million barrels per day, while exports from the north are also consistently holding above...Continue Reading
One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold, volumes rebound.
Some producers have been fairly consistent in their discipline, barring a few blips (bravo, Saudi), while others stand on the sidelines, looking in the other direction (here's...Continue Reading
Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the key takeaway is that the market appears well-supplied - at least for now. With that in mind, hark, here are five things to consider in oil markets today:Continue Reading
Oil is rallying for a second consecutive day, with continued positive momentum from yesterday's weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by OPEC. (OPEC cuts are starting to feel like QE at the turn of the decade: omnipresent). Hark, here are five things to consider in oil markets today.
After yesterday's monthly EIA report, and tomorrow's monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next Tuesday (16th) to get the IEA's monthly offering, hark, here are five things to consider in oil markets today:Continue Reading
Crude is rebounding into the weekend after yesterday's solid dose of the WBWs (whoop-bang-wallops, lest we forget). Although prices are now mired below their 200-day moving averages, after dropping ~15 percent from mid-last month, some bargain-hunting has entered into the fray at the end of the week. Hark, here are five things to consider in oil markets today:Continue Reading